Environmental
Under Wisconsin law, a property located in a FEMA-designated 100-year floodplain:
ACannot be sold or financed
BMay require flood insurance if financed with a federally backed loan✓ Correct
CIs exempt from property taxes
DMust be sold as-is without disclosure
Explanation
Properties in FEMA-designated Special Flood Hazard Areas (100-year floodplains) financed with federally backed loans typically must carry flood insurance as a loan condition.
Related Wisconsin Environmental Questions
- A Wisconsin wetland located on a private property is regulated primarily by:
- A Wisconsin property located near a former industrial site should undergo environmental due diligence because:
- A Wisconsin property near a high-traffic roadway may have elevated levels of:
- Wisconsin requires disclosure of 'underground storage tanks' (USTs) on the Real Estate Condition Report. This is important because USTs:
- Wisconsin's 'Voluntary Party Liability Exemption' (VPLE) under Wis. Stat. § 292.15 protects a party who voluntarily conducts cleanup from:
- Wisconsin's 'Tier 1' cleanup standard under the environmental remediation program (NR 720-740) refers to:
- A Wisconsin home inspector who discovers evidence of mold during a home inspection should:
- CERCLA (Superfund) holds property owners liable for hazardous waste cleanup based on the principle of:
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →